Economics is one social science among several and has fields bordering on other areas, including economic geography, economic history, public choice, energy economics, cultural economics, family …

In the 20th century, English economist Lionel Robbins defined economics as “the science which studies human behaviour as a relationship between (given) ends and scarce means which have alternative …

Aug 25, 2025 · What Is Economics? The study of economics is a social science primarily concerned with analyzing the choices that individuals, businesses, governments, and nations make to allocate limited...

This free textbook is an OpenStax resource written to increase student access to high-quality, peer-reviewed learning materials.

Economics is the study of how we make choices in the face of scarcity and how those choices motivate behavior. As individuals, families, and nations, we confront difficult choices about how to use limited …

Economics can be defined in a few different ways. It’s the study of scarcity, the study of how people use resources and respond to incentives, or the study of decision-making. It often involves topics like …

1 day ago · The latest news and expert analysis about the state of the global economy.

Economics is essentially the study of how we, as individuals and as a society, make decisions amidst scarcity. It focuses on how resources, which are finite and limited, are allocated to meet the ever …

What is Economics? Imagine you are a Martian arriving from outer space on planet Earth. After landing you start to observe earthlings engaging in the production and exchange of goods and services. …

This is how Lionel Robbins came to define economics in the early 1930s and there is a good chance that many of you heard a variant of this definition in your first Economics 101 lecture.

At its core, economics is the study of scarcity and how we use our resources to improve lives both individually and as a society. Sure, economics involves equations, data and graphs but it's also a …

Economics can provide insights in areas as diverse as how workers should be rewarded, how government should conduct fiscal and monetary policy, and how health care markets work. The …

5 days ago · From stubbornly high living costs to a softer labor market, economists say these are the forces that will shape the year ahead.

6 days ago · America’s economy looks set to accelerate A monetary-fiscal loosening is coming

Apr 29, 2025 · Economics studies how people choose to use limited resources to meet unlimited wants. Microeconomics focuses on individual decisions, while macroeconomics looks at the economy as a …

An economy[a] is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and …

Economics is the social science which studies economic activity: how people make choices to get what they want. It has been defined as "the study of scarcity and choice" and is basically about the …

Economics is a social science concerned with the production, distribution, and consumption of goods and services. It's comprised of broader macroeconomics and consumer-centric microeconomics.

Economics is the study of how individuals and societies choose to employ those resources: what goods and services will be produced, how they will be produced, and how they will be distributed among the …

Crude Oil rose to 58.27 USD/Bbl on January 5, 2026, up 1.66% from the previous day. Over the past month, Crude Oil's price has fallen 1.03%, and is down 20.78% compared to the same time last year, …

Jul 31, 2023 · Interested in working at the SEC?

We are at the precipice of an epic restructuring of the markets, the global economy, and money in general. Those who know what to do will have the chance at life-changing profits. Those who don’t …

1 day ago · US stocks galloped higher on Monday, as demand for tech shares remained strong even while the ouster of Venezuela’s President Nicolas Maduro fanned worries over geopolitical risk. Oil …

1 day ago · Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Browse an unrivalled portfolio of real-time and historical …